Green and Bio Polyols market Professional Survey And Latest Ongoing Development Trends

Polyol is a type of alcohol which contains multiple hydroxyl groups. Green polyols are derived from polyurethanes and polyethylene terepthalate. Bio polyols or Natural oil polyols (NOPs) are derived from oils such as canola oil, castor oil, coconut oil, corn oil, rapeseed oil, palm oil, and soya bean oil. Increasing cost of petrochemical feedstock, public desire, and regulatory pressure for environment friendly products, which reduce the carbon footprint are the major growth drivers of green and bio polyols market.

The demand for green and bio polyols is majorly due to its requirement in several industries such as packaging, construction, automotive, furniture, and bedding. Green and bio polyols are mainly utilized for the synthesis of polyurethane, which is further used for making coatings and foam. Furniture and construction industry is expected to increase the growth of green and bio polyols.

Top Key Players in Green and Bio Polyols  market: Arkema, S.A., Bayer, AG, BioBased, Technologies, LLC, BASF, SE, Cargill, Inc., The, Dow, Chemical, Company, Stepan, Company, Emery, Oleochemicals, (M), Sdn, Bhd, Jayant, Agro-Organics, Limited, Global, Bio-chem, Technology, Group, Company, Limited, Johnson, Controls, Inc, Cargill, Inc., Global, Bio-Chem, Technology, Group, Co., Ltd., Jayant, Agro, Organics, Ltd., ,  and, E., I., du, Pont, de, Nemours, and, Company.

Regional Analysis:

The market research report on the global Green and Bio Polyols market offers complete analysis across various regions around the globe. The report contains detailed country-level analysis, market revenue, market value and forecast analysis for the following countries and regions: Geographically, the comprehensive analysis of ingestion, revenue and Market share and growth speed, historical and forecast (2021-2027) of these regions are covered:

Polyether polyols has more demand than polyester polyols, as polyether polyols can be effectively used in production of plastic products. Also, polyurethane foam has more demand as it is used for making mattresses and spray–on foam for thermal insulation for buildings.

Green and Bio Polyols Market Outlook

• North America is the largest market for green and bio polyols, owing to the demand from various furniture, interiors, construction, and automotive industry. For instance, the major automotive OEMs such as Ford, General Motors and Fiat Chrysler has invested approximately US$ 2.7 billion in USA, which in turn will significantly benefit the green and bio polyols market. Furthermore, the demand for materials that are recyclable or obtained from less polluting sources having low carbon impact has led to the substitution of crude-based polyols by green and bio polyols.
• In Europe, there is a significant demand for green and bio polyols due to increasing regulatory pressure for sustainable solutions. The demand for health and comfort are driving the use of polyurethane in furniture industry which in turn is increasing the demand for green and bio polyols.

Key Developments:

• For instance, in October 2018, Covestro launched thermoplastic polyurethanes (TPU) containing polyether carbonate polyols based on CO2 technology. This new product lowers carbon footprint than conventional ones, and helped close the carbon cycle. This new product has helped Covestro to expand its product portfolio in global market.
• In March 2016, Mitsui Chemicals & SKC Polyurethanes’ (MCNS) formed new joint venture for manufacturing bio-polyol and joint venture called as Vithal Castor Polyols (VCP), in India. VCP manufactures bio polyols castor oil with annual capacity of 8000 tonnes.
• For instance, in August 2015, BASF SE launched new bio-based Polyol for Volatile Organic Compound (VOC) free* 2K Polyurethane applications. The product is sold under the name Sovermol. This new product has helped BASF SE to expand its product portfolio in global market.

Contact Us:

Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com

Polyol is a type of alcohol which contains multiple hydroxyl groups. Green polyols are derived from polyurethanes and polyethylene terepthalate. Bio polyols or Natural oil polyols (NOPs) are derived from oils such as canola oil, castor oil, coconut oil, corn oil, rapeseed oil, palm oil, and soya bean oil. Increasing cost of petrochemical feedstock, public desire, and regulatory pressure for environment friendly products, which reduce the carbon footprint are the major growth drivers of green and bio polyols market.

The demand for green and bio polyols is majorly due to its requirement in several industries such as packaging, construction, automotive, furniture, and bedding. Green and bio polyols are mainly utilized for the synthesis of polyurethane, which is further used for making coatings and foam. Furniture and construction industry is expected to increase the growth of green and bio polyols.

Top Key Players in Green and Bio Polyols  market: Arkema, S.A., Bayer, AG, BioBased, Technologies, LLC, BASF, SE, Cargill, Inc., The, Dow, Chemical, Company, Stepan, Company, Emery, Oleochemicals, (M), Sdn, Bhd, Jayant, Agro-Organics, Limited, Global, Bio-chem, Technology, Group, Company, Limited, Johnson, Controls, Inc, Cargill, Inc., Global, Bio-Chem, Technology, Group, Co., Ltd., Jayant, Agro, Organics, Ltd., ,  and, E., I., du, Pont, de, Nemours, and, Company.

Regional Analysis:

The market research report on the global Green and Bio Polyols market offers complete analysis across various regions around the globe. The report contains detailed country-level analysis, market revenue, market value and forecast analysis for the following countries and regions: Geographically, the comprehensive analysis of ingestion, revenue and Market share and growth speed, historical and forecast (2021-2027) of these regions are covered:

Polyether polyols has more demand than polyester polyols, as polyether polyols can be effectively used in production of plastic products. Also, polyurethane foam has more demand as it is used for making mattresses and spray–on foam for thermal insulation for buildings.

Green and Bio Polyols Market Outlook

• North America is the largest market for green and bio polyols, owing to the demand from various furniture, interiors, construction, and automotive industry. For instance, the major automotive OEMs such as Ford, General Motors and Fiat Chrysler has invested approximately US$ 2.7 billion in USA, which in turn will significantly benefit the green and bio polyols market. Furthermore, the demand for materials that are recyclable or obtained from less polluting sources having low carbon impact has led to the substitution of crude-based polyols by green and bio polyols.
• In Europe, there is a significant demand for green and bio polyols due to increasing regulatory pressure for sustainable solutions. The demand for health and comfort are driving the use of polyurethane in furniture industry which in turn is increasing the demand for green and bio polyols.

Key Developments:

• For instance, in October 2018, Covestro launched thermoplastic polyurethanes (TPU) containing polyether carbonate polyols based on CO2 technology. This new product lowers carbon footprint than conventional ones, and helped close the carbon cycle. This new product has helped Covestro to expand its product portfolio in global market.
• In March 2016, Mitsui Chemicals & SKC Polyurethanes’ (MCNS) formed new joint venture for manufacturing bio-polyol and joint venture called as Vithal Castor Polyols (VCP), in India. VCP manufactures bio polyols castor oil with annual capacity of 8000 tonnes.
• For instance, in August 2015, BASF SE launched new bio-based Polyol for Volatile Organic Compound (VOC) free* 2K Polyurethane applications. The product is sold under the name Sovermol. This new product has helped BASF SE to expand its product portfolio in global market.

Contact Us:

Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com